US Considers Defense Production Act for Spirit Bailout
The White House is exploring emergency legal authorities to invest in Spirit Airlines and protect supply chains. A proposed deal includes 500 million dollars.
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The administration of the United States is exploring the use of the Defense Production Act (DPA) as a legal mechanism to provide a bailout for the struggling budget carrier Spirit Airlines. According to sources familiar with the matter, the government is considering invoking Title 3 of the DPA, which grants the federal government authority to invest in industrial capacity to protect national defense supply chains.
